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Hubbell Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Hubbell holds $8.4B in total assets. Shareholders' equity is $3.8B against $2.2B in total debt. Cash and equivalents total $501.6M. The current ratio is 1.58 and debt-to-equity is 0.585. Based on the Q1 2026 filing.

Total Assets$8.4BTotal Stockholders Equity$3.8BLong Term Debt$2.0BCash And Equivalents$501.6MTotal Current Assets$2.8BTotal Current Liabilities$1.8B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$24.8B
P/E Ratio27.38
ROE25.77%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$541.7M$545.8M$529.5M$536.6M$570.5M$605.5M
Accrued Environmental Liabilities$6.6M———$7.8M—
Accrued expenses$145.7M$71.2M$106.1M$110.9M$115.4M$90.6M
Accrued Manufacturing Costs$145.7M$71.2M$106.1M$110.9M$115.4M$90.6M
Accrued Progress Collections and Price Adjustments$148M$183M$157.6M$137.6M$174.6M$167.9M
Other Commercial Liabilities$372.4M$421.3M$388.8M$375.1M$450.7M$453.1M
Contract liabilities$148M$183M$157.6M$137.6M$174.6M$167.9M
Contract Liabilities and Refund Liability$20.1M$19.8M$19.8M$20.2M$20.5M$20.5M
Accrued Income Taxes, Current$21.4M$57.7M$20.2M$22.5M$27.5M$65.4M
Accrued Liabilities, Current$372.4M$421.3M$388.8M$375.1M$450.7M$453.1M
Compensation and benefits$145.7M$71.2M$106.1M$110.9M$115.4M$90.6M
Other accrued liabilities$89.8M$90.1M$105.6M$92.5M$112M$112.6M
Other short-term debt$2.4M$1.7M$2.2M$1.8M$2.1M$2M
Current portion of accrued product warranty$20.6M$21.2M$21.1M$19.7M$15.2M$17.3M
Current portion of long-term debt$2.4M$1.7M$2.2M$1.8M$2.1M$2M
Deferred revenue$134.6M$169.7M$144.3M$124.3M$161.3M$154.5M
Income taxes payable$21.4M$57.7M$20.2M$22.5M$27.5M$65.4M
Lease Liability Payments - Remainder of Fiscal Year$39.9M———$46.6M—
Operating lease liabilities, current$34.2M$33.4M$35.3M$36.9M$40.7M$44.2M
Restructuring Reserve$31.5M$20M$25.1M$29.7M$34.2M$25.2M
Short-Term Debt - Weighted-Average Interest Rate4.5%———4.1%—
Standard Product Warranty Accrual$41.7M$41.6M$41.2M$39.8M$34M$34.9M
Total current liabilities$1.3B$1.9B$1.9B$2.1B$1.5B$1.8B
Claims and insurance accruals$89M$83.9M$81.3M$80.2M$83M$89.8M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$756M$902M$899.7M$909.9M$856.9M$974.4M
Available-for-Sale Debt Securities - Amortized Cost$70.1M$71.2M$80M$78.7M$78M$81.6M
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$14.3M———$12.5M—
AFS and Trading Securities - Unrealized Loss Position Fair Value$40.5M$33.6M$23.4M$18.3M$20.5M$27.7M
Allowance for Doubtful Accounts$11.3M$12.1M$13.3M$13.4M$13.9M$14.3M
Allowance for Doubtful Accounts Receivable (Current)$11.3M$12.1M$13.3M$13.4M$13.9M$14.3M
Cash and cash equivalents$329.1M$346.9M$382.6M$666.8M$482.5M$501.6M
Cash, Cash Equivalents, and Marketable Securities$40.5M$33.6M$23.4M$18.3M$20.5M$27.7M
Contract assets$38M$46.6M$46.6M$49.4M$48.2M$57.3M
Contract Assets, Net$0———$17.7M—
Finished goods$382M$394.8M$377.1M$394.4M$401.3M$433.1M
Nontrade Receivables Current$22.4M———$29.5M—
Other current assets$146.5M$150.8M$147.5M$145.5M$155.4M$171.6M
Derivative Assets - Net Reduction from Master Netting Arrangements$1.4M$800K$100K$300K$100K$400K
Trading assets$28.1M$26.4M$29.8M$31.7M$32.5M$30.7M
Finished goods$382M$394.8M$377.1M$394.4M$401.3M$433.1M
Raw materials$409.9M$396.4M$432.2M$436.6M$455M$457.5M
Work in process$218.5M$224.3M$220.3M$222.7M$227.5M$248.9M
Inventories$1B$848.7M$1B$1.1B$1.1B$1.1B
Other Inventory, Net$0———$17.7M—
Prepaid expenses and other current assets$146.5M$150.8M$147.5M$145.5M$155.4M$171.6M
Restricted cash$2.5M$1.9M$2M$2.1M$1.8M$1.9M
Short-term investments$15.9M$13.4M$17M$14.1M$15.4M$15.3M
Total current assets$2.3B$2.3B$2.5B$2.8B$2.6B$2.8B
Vendor Non-Trade Receivables$22.4M———$29.5M—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$12.9M$12.8M$12.9M$12.8M$10.3M$10.3M
Contract Liabilities, Non-Current$148M$183M$157.6M$137.6M$174.6M$167.9M
Debt Maturity - 5 to 10 Years$0———$5.9M—
Debt Maturity - Over 10 Years$7.8M———$8M—
Deferred Tax Liabilities - Foreign Earnings$5.3M———$5.6M—
Defined Benefit Pension Plan Liabilities (Non-Current)$167.1M$146.6M$146.1M$145.6M$117.4M$114.6M
Derivative Liabilities (Non-Current)——$700K$200K$500K$100K
Deferred Tax Liabilities - Leasing Arrangements$36.8M———$38M—
Long-term debt$1.4B$1B$1B$1B$2B$2B
Deferred revenue, net of current portion$148M$183M$157.6M$137.6M$174.6M$167.9M
Postretirement benefit obligations other than pensions$12.9M$12.8M$12.9M$12.8M$10.3M$10.3M
Operating lease liabilities, non-current$117.3M$117M$118.3M$116.5M$121.2M$121.5M
Other non-current liabilities$720.2M$667.6M$697.4M$734.8M$825.9M$826.5M
Other Pension and Postretirement Benefit Liabilities$12.9M$12.8M$12.9M$12.8M$10.3M$10.3M
Total liabilities$3.4B$3.6B$3.7B$3.8B$4.4B$4.6B
Unrecognized Tax Benefits$48.2M———$58.9M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$42.3M———$52.1M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$8.6M———$9.5M—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)$48M———$51.7M—
Available-for-Sale Securities (Non-Current)$84.9M$86.9M$96M$99.8M$98.4M$99.8M
Allowance for credit losses$0$0$0$0$0$0
Capitalized Computer Software, Net$6.3M———$9.7M—
Deferred Tax Assets and Other Non-Current Assets$23.3M$199.4M$202.8M$222.3M$24.1M$246.3M
Deferred Tax Assets - Tax Credit Carryforwards$23.9M———$10.4M—
Held-to-maturity securities$0———$0—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$82.4M$80.6M$80.6M$82.1M$104.8M$97.7M
Finite Lived Intangible Assets - Gross$1.7B$1.8B$1.8B$1.8B$2.2B$2.2B
Goodwill$2.5B$2.5B$2.6B$2.6B$3.1B$3.1B
Goodwill and Intangible Assets, Net$335.1M———$408M—
Held-to-Maturity Debt Securities - Fair Value$0———$0—
Intangible Assets Gross (Excluding Goodwill)$1.8B$1.8B$1.8B$1.8B$2.2B$2.2B
Intangible assets, net$1.1B$1.1B$1.1B$1.1B$1.4B$1.4B
Investments - Amortized Cost Basis$70.1M$71.2M$80M$78.7M$78M$81.6M
Net Operating Loss Carryforwards$23.9M———$10.4M—
Capitalized software licenses$6.3M———$9.7M—
Deferred tax assets$7.5M———$25.8M—
Other intangible assets—net$1.1B$1.1B$1.1B$1.1B$1.4B$1.4B
Long- term Investments$84.9M$86.9M$96M$99.8M$98.4M$99.8M
Other non-current assets$197.5M$199.4M$202.8M$222.3M$240.1M$246.3M
Property, plant and equipment at cost$1.5B———$1.7B—
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$15.9M$13.4M$17M$14.1M$15.4M$15.3M
Other non-current assets$295.2M$199.4M$202.8M$222.3M$240.1M$246.3M
Accumulated depreciation$803.3M$723.1M$747.2M$771.5M$835.7M$828.9M
Property and equipment, net$726.6M$734.4M$745.6M$766.1M$841.2M$843.4M
Software and Technology Licenses, Net$6.3M$199.4M$202.8M$222.3M$9.7M$246.3M
Tax Credit Carryforward Valuation Allowance$34.1M———$19.7M—
Total assets$6.8B$6.9B$7.1B$7.5B$8.2B$8.4B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$70.1M$71.2M$80M$78.7M$78M$81.6M
Accumulated Benefit Obligation for Plans with ABO in Excess of Assets$468.8M———$450.1M—
Projected Benefit Obligation for Plans with ABO in Excess of Assets$468.8M———$450.1M—
Defined Benefit Plan Weighted Average Asset Allocation1———1—
Fair Value Measurement Disclosure$137.3M$188.6M$204.7M$498.7M$268.3M$310.6M
Accrual for Environmental Loss Contingencies$6.6M———$7.8M—
Customer program incentives$51.7M$29.4M$42.5M$59M$73.5M$38.6M
Allowance For Credit Memos, Returns, And Cash Discounts$35.2M———$38.1M—
Allowance for doubtful accounts$11.3M$12.1M$13.3M$13.4M$13.9M$14.3M
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$600K$500K$400K$400K$400K$500K
Total$70.1M$71.2M$80M$78.7M$78M$81.6M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$0———$5.8M—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$0———$5.9M—
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five$48M———$51.7M—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five$47.8M———$52.4M—
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10$7.8M———$8M—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10$7.5M———$7.6M—
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$14.3M———$12.5M—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$14.3M———$12.5M—
Available for sale investments$69.6M$70.9M$80.1M$79.2M$78.4M$81.6M
Purchased finite-lived intangible assets————$417.1M—
Fair value of cash flow hedges——$700K$200K$500K$100K
Commercial paper borrowings outstanding$123M$415M$401M$550M$287M$534M
Estimated rate refund liabilities$20.1M$19.8M$19.8M$20.2M$20.5M$20.5M
Short-term debt and current portion of long-term debt$125.4M$816.1M$802.7M$951.5M$289.1M$536M
Debt Securities, Available-for-Sale, Allowance for Credit Loss$0$0$0$0$0$0
Debt Securities, Available-for-Sale, Unrealized Loss Position$40.5M$33.6M$23.4M$18.3M$20.5M$27.7M
Amount deferred under the compensation plan, including income earned$28.1M$26.4M$29.8M$31.7M$32.5M$30.7M
Deferred Tax Liabilities, Gross$469.9M———$587.6M—
Deferred income taxes$277.1M$247.3M$271.4M$304.4M$420.1M$419.1M
Deferred Tax Assets, Gross$234.4M———$213M—
Deferred Tax Assets, Net of Valuation Allowance$200.3M———$193.3M—
Loss carryforwards$10.4M———$11.1M—
Deferred Tax Assets, Operating Loss Carryforwards$10.4M———$11.1M—
Lease liabilities$38.2M———$39.5M—
Capitalized research expenditures$56.2M———$32.5M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits$3.4M———$3.1M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost$8M———$8M—
Accrued expenses$38M———$42.6M—
Deferred Tax Assets, Valuation Allowance$34.1M———$19.7M—
Deferred Tax Liabilities, Net$269.6M———$394.3M—
Deferred Tax Liabilities, Property, Plant and Equipment$60.5M———$96.7M—
Future pension and postretirement benefit obligations$167.1M$146.6M$146.1M$145.6M$117.4M$114.6M
Fair value of plan assets$295.2M———$326.8M—
Futures contract supported by cash or cash equivalents100.0%———100.0%—
Number of defined contribution pension plans4.00———4.00—
Unrecognized compensation cost related to non-vested awards$21.8M———$22.7M—
Percentage of definite-lived intangible assets under accelerated amortization method (approximate) (as a percent)—85.0%85.0%85.0%90.0%90.0%
Finite-Lived Intangible Assets, Accumulated Amortization$697.2M$723.1M$747.2M$771.5M$801.7M$828.9M
2028$89.9M$88.2M$88.2M$90.4M$114.1M$109.5M
2030$82.4M$80.6M$80.6M$82.1M$104.8M$97.7M
2031$78.2M$74.4M$74.4M$75.8M$97.7M$91.5M
Remainder of 2026—$73.9M$49M$24.4M—$83.7M
2027$96M$92.6M$92.6M$93.3M$111.5M$114.1M
2029$85.6M$84.9M$84.9M$86.4M$109.5M$104.8M
Gross Carrying Amount$1.7B$1.8B$1.8B$1.8B$2.2B$2.2B
Indefinite- lived intangible impairment$1.8B$1.8B$1.8B$1.8B$2.2B$2.2B
Fair value of long-term debt$1.4B$1.4B$1.4B$1.4B$2B$2B
Noncontrolling interests in subsidiaries$14.4M$10.8M$11.1M$11.7M$10M$10.6M
Number of multiemployer defined benefit pension plans0.00———0.00—
Long-Lived Assets$4.6B———$5.6B—
Number of joint ventures2.00———2.00—
Other$124.7M$123.5M$128.6M$135.4M$138.1M$143.4M
Long-term portion of accrued product warranty$21.1M$20.4M$20.1M$20.1M$18.8M$17.6M
Receivables Gross Current$802.5M———$908.9M—
Restructuring Reserve$4.6M$4.1M$4.1M$5.7M$4.7M$6.6M
Shares reserved for awards to employees and outside directors (in shares)$9.7M$9.7M$10.3M$10.3M$10.3M$10.3M
Standard Product Warranty Accrual$41.7M$41.6M$41.2M$39.8M$34M$34.9M
Total Allowances$46.5M———$52M—
Unrecognized tax benefits$48.2M———$58.9M—
Penalties and interest accrued on unrecognized tax benefits$8.6M———$9.5M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$42.3M———$52.1M—
Unrecognized tax benefits timing of deductibility unknown$600K———$500K—
Remainder of Fiscal Year 2024—$73.9M$49M$24.4M—$83.7M
Remainder of Fiscal Year 2025—$73.9M$49M$24.4M—$83.7M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investments - Gross Unrealized Losses$40.5M$33.6M$23.4M$18.3M$20.5M$27.7M
Noncontrolling interests$14.4M$10.8M$11.1M$11.7M$10M$10.6M
Share-Based Payment - Unrecognized Cost of Nonvested Awards$21.8M———$22.7M—
Shares Reserved for Future Issuance Under Stock Plans9.7M9.7M10.3M10.3M10.3M10.3M
Total liabilities and stockholders' equity$6.8B$6.9B$7.1B$7.5B$8.2B$8.4B
Total stockholders' equity$3.4B$3.3B$3.5B$3.7B$3.8B$3.8B
Unrealized Losses on Investments (Before Tax)$600K$500K$400K$400K$400K$500K